▲ 1140 ▼ Reddit enrages users again by ditching thank-you coins and awards (www.businessinsider.com) submitted 3 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 200 comments fedilink hide all child comments Reddit enrages users again by ditching thank-you coins and awards::Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.
[+] skillissuer@lemmy.world 2 points 3 years ago* (last edited 2 years ago) (2 children) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] HakFoo@lemmy.sdf.org 1 point 3 years ago (1 child) I suspect we'll see products that end up getting branded CBDC (e-yuan, e-rupee, e-dollar), but it may look nothing like blockchain hype projects. There are plenty of real world problems that a natively digital transaction system can mitigate. The obvious use case is "I'm in Los Angeles, how can I pay someone in Edinburgh three pounds without spending days for settlement, worrying about inter-bank communication, or dealing with private firms that have turned it into a rent-seeking space that adds huge fees". Note this can be done without some elaborate blockchain system. In fact, a centralized service operated by the state has the right incentive alignment: they are more beholden to the social and political goal of "efficient commerce helps economic growth" rather than the private-enterprise mindset of "if I can get people to consume the tokens I already own, I can be a kazillionaire." permalink fedilink source parent hideshow 1 child comment replies: [+] skillissuer@lemmy.world 2 points 3 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[–] HakFoo@lemmy.sdf.org 1 point 3 years ago (1 child) I suspect we'll see products that end up getting branded CBDC (e-yuan, e-rupee, e-dollar), but it may look nothing like blockchain hype projects. There are plenty of real world problems that a natively digital transaction system can mitigate. The obvious use case is "I'm in Los Angeles, how can I pay someone in Edinburgh three pounds without spending days for settlement, worrying about inter-bank communication, or dealing with private firms that have turned it into a rent-seeking space that adds huge fees". Note this can be done without some elaborate blockchain system. In fact, a centralized service operated by the state has the right incentive alignment: they are more beholden to the social and political goal of "efficient commerce helps economic growth" rather than the private-enterprise mindset of "if I can get people to consume the tokens I already own, I can be a kazillionaire." permalink fedilink source parent hideshow 1 child comment replies: [+] skillissuer@lemmy.world 2 points 3 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent
[+] skillissuer@lemmy.world 2 points 3 years ago* (last edited 2 years ago) [deleted] permalink fedilink source parent